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2016-10-07 17:26:59

BRS

Bristow Group

$13.44

-0.54 (-3.86%)

, EADSY

Airbus

$14.88

-0.285 (-1.88%)

17:26

10/07/16

10/07

17:26

10/07/16

17:26

Bristow: EASA issued new airworthiness directive effective October 13

According to a regulatory filing, Bristow (BRS) said that, on October 7, EASA issued a new airworthiness directive effective October 13, 2016 which expressly supersedes the June Airworthiness Directive and details the mandatory actions necessary to permit a return to service of the Airbus (EADSY) Helicopters EC225LP and AS332L2 model aircraft. In response to the October EASA Airworthiness Directive, the UK Civil Aviation Authority immediately issued a statement confirming that its existing restriction that was evidenced through its safety directive issued in June 2016, prohibiting all commercial flying of these model aircraft, remains in effect until further notice. The safety directive issued in June 2016 by the Norway Civil Aviation Agency prohibiting commercial operation of the EC225LP and AS332L2 model aircraft in Norway remains in effect as well. The UK CAA Statement also stated that the UK CAA and NCAA are awaiting further information from the accident investigation before considering any future action.

Cowen lowered its price target on Bristow Group to $16 from $41 as its earnings continue to face near-term headwinds of deteriorating offshore activity. The firm sees an attractive risk/reward given favorable long-term trends in its helicopter business and overdone concerns over covenants in its credit facility. Cowen maintained its Outperform rating on Bristow shares.

06/06/16

LEHM

06/06/16UPGRADETarget $20LEHMOverweight

Bristow Group upgraded to Overweight from Equal Weight at Barclays

Barclays analyst William Thompson upgraded Bristow Group to Overweight saying sale leasebacks could bridge the company's liquidity shortfall. Bristow has an opportunity to shore up its near-term liquidity while the stock is down 48% year-to-date, Thompson tells investors in a research note. He lowered his price target for the shares to $20 from $22.

08/16/16

SOCO

08/16/16DOWNGRADESOCOEqualweight

Bristow Group downgraded to Equalweight from Overweight at Capital One

09/01/16

COWN

09/01/16NO CHANGETarget $14COWNOutperform

Bristow Group liquidity concerns overdone, says Cowen

Cowen analyst Marc Bianchi lowered his price target on Bristow Group to reflect liquidity concerns which remain in the forefront of investors minds. The analyst believes the concerns are overdone, however, as the company has many options including capital expenditure deferrals, sale leasebacks, and $2B in unencumbered assets. Bianchi reiterated his Outperform rating while trimming his price target to $14 from $18 on Bristow Group shares.

EADSYAirbus

$14.88

-0.285 (-1.88%)

04/05/16

BERN

04/05/16NO CHANGEBERN

Airbus named to Best of Bernstein list at Bernstein

Bernstein named Airbus to its Best of Bernstein list for European Aerospace & Defense. The firm says that the company should benefit from healthy demand for commercial aircraft, while its new A350 program has exceeded expectations and has "proceeded...better than any new aircraft program in the last 30 years." Bernstein thinks that the stock's valuation is attractive, and it keeps an Outperform rating on the shares.

04/29/16

BERN

04/29/16NO CHANGEBERN

Airbus should be bought on weakness, says Bernstein

Bernstein says that Airbus' Q1 results reflect previously disclosed bad news, including the downturn in deliveries. The firm still expects the company's earnings growth to accelerate as it increases production of profitable planes. Moreover, the firm remains upbeat on the company's outlook from 2017 onward. Bernstein keeps an Outperform rating on the shares.

05/09/16

GSCO

05/09/16UPGRADEGSCOBuy

Airbus upgraded to Buy from Neutral at Goldman

Goldman Sachs analyst Chris Hallam upgraded Airbus to Buy from Neutral ahead of the company's first half earnings on July 27, citing "an improvement in order momentum or clarification on technical issues that affect A350 interiors, A320neo engines and A400M engines" as potential upside catalysts.

07/25/16

JPMS

07/25/16DOWNGRADEJPMSUnderweight

Airbus downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst David Perry downgraded Airbus Group downgraded to Underweight citing "ongoing execution risks and deteriorating airline news." The analyst cut his price target for the shares to EUR 45.5 from EUR 51.